Global arthroscopic devices market to exceed $1.7B by 2022: 6 notes

The global arthroscopic devices market is expected to grow at a compound annual growth rate of 5.1 percent through 2022, according to a Persistence Market Research report.

Advertisement

Here are six notes:

 

1. The market will likely surpass $1.7 billion by 2022.

 

2. A growing geriatric population and increasing demand for minimally invasive procedures will boost market growth.

 

3. The knee application dominates the arthroscopy market, capturing one third of the market share through 2022.

 

4. The hip arthroscopy segment generates the greatest revenue behind knee, followed by spine arthroscopy.

 

5. Key market players include Arthrex, Stryker, CONMED, Smith & Nephew, Zimmer Biomet, Medtronic, Wright Medical Group and Richard Wolf.

 

6. Hospitals will continue to serve as the dominant end-user of arthroscopic devices.

 

More articles on devices:
OrthoPediatrics launches 24th surgical system: 3 things to know
Arthrex beings headquarter expansion, to add 500+ jobs
Zyga’s SImmetry SI Joint Fusion System clinical trial shows reduction in back pain, opioid dependency: 5 insights

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in Spinal Tech

Advertisement

Comments are closed.